(VIANEWS) – After retesting the support zone at 129.60/50, EUR/JPY traded with modest gains in the upper-129.00s
FXStreet stated that the cross could breach this area of contention, opening the way to possible moves to the 200 day SMA. Today’s price is 128.65 higher than the July low of 128.59 (July 20,). However, bullish moves are still limited by the 130.70 area.
The outlook for EUR/JPY remains positive, even though it is above the 128.65 200-day SMA.
EUR/JPY (EURJPY) is currently on bearish momentum. At 08:06 EST on Wednesday, 4 August, EUR/JPY (EURJPY) is at 129.2780, 1.96% down since the last session’s close.
EUR/JPY (EURJPY) Range
About EUR/JPY’s daily highs and lows, it’s 0.488% up from its trailing 30 days low of $128.65 and 1.34% down from its trailing 30 days high of $131.03.
EUR/JPY’s yearly highs and lows, it’s 6.295% up from its 52-week low and 3.614% down from its 52-week high.
EUR/JPY’s last week, last month’s, and last quarter’s current volatility was a negative 0.04%, a negative 0.11%, and a positive 0.49%, respectively.
EUR/JPY’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.22% (last week), 0.31% (last month), and 0.49% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, EUR/JPY’s Forex is considered to be overbought (>=80).
Last news about EUR/JPY (EURJPY)
Eur/jpy price analysis: multiple doji portrays traders’ indecision around 130.00. According to FXStreet on Monday, 2 August, “Hence, a daily sustained run-up beyond the latest high near 130.55 becomes necessary for the short-term EUR/JPY buyers but late June’s low near 131.10 should validate the actual run-up.”, “In a case where EUR/JPY sellers conquer the key moving average, March’s low near 128.30 will be in focus.”
Eur/jpy price analysis: further consolidation looks likely. According to FXStreet on Monday, 2 August, “In the meantime, while above the 200-day SMA at 128.62, the outlook for EUR/JPY is expected to remain constructive.”
Eur/jpy bears are lurking, eye a test to the 129.50s. According to FXStreet on Tuesday, 3 August, “At the time of writing, in printing the low of the day of 129.62 so far, EUR/JPY is trading on the offer at 129.76, below the highs of the day at129.82”
Eur/jpy price analysis: initial support emerges around 129.50. According to FXStreet on Tuesday, 3 August, “In the meantime, while above the 200-day SMA at 128.65, the outlook for EUR/JPY is expected to remain constructive.”
News about USD/JPY
Usd/jpy: bearish trajectory keeps pace as lows brushed aside – 03 August 2021. According to DailyForex on Tuesday, 3 August, “Selling the USD/JPY on slight moves higher may a worthwhile speculative wager for traders who believe support levels will continue to prove a magnet while looking to take advantage of reversals lower which could remain prominent. “, “Intriguingly, since reaching this short-term high, the USD/JPY has produced an incremental bearish trajectory again and the current price around the 109.225 value has not seen a significant amount of volatile moves upwards. ”
Usd/jpy falls to two-week lows under 109.30 as US yields tumble. According to FXStreet on Monday, 2 August, “The USD/JPY dropped further during the American session and bottomed at 109.22, the lowest intraday level since July 19. ”
Usd/jpy retreats to 109.50 area as US t-bond yields turn south. According to FXStreet on Monday, 2 August, “In case risk flows remain in control of financial markets, USD/JPY could find it difficult to make a decisive move in either direction in the second half of the day.”, “After spending the first half of the day moving sideways around 109.70, the USD/JPY pair came under renewed bearish pressure in the last hour and was last seen losing 0.18% on the day at 109.50.”
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